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TRADING ON THE MT4 AFTER THE LATEST ESMA CHANGES – HERE’S WHAT YOU NEED TO KNOW

Following the latest ESMA ruling, there have been some important changes that can affect your trading. As a fully regulated broker, we have fully complied with the latest ESMA ruling have come up with this simple guide to introduce you to all the latest changes when it comes to using leverage and trading on our MT4 platforms.

What are the changes?
The changes mainly affect the leverage offered on our assets, please see below what the maximum leverage ratios will be moving forward:

– 30:1 FOR MAJOR CURRENCY PAIRS
– 20:1 FOR NON-MAJOR CURRENCY PAIRS
– 20:1 FOR MAJOR INDICES
– 20:1 FOR GOLD
– 10:1 FOR COMMODITIES (EXCLUDING GOLD)
– 5:1 FOR EQUITY CFDS
– 2:1 FOR CRYPTOCURRENCIES (this only applies to basic accounts)
-The MARGIN call will now be at 100%
-The STOP-OUT level will now change to 50%

What has changed for you?
Due to these changes, we’ve had to make a few adjustments on our trading platforms. Here are a few examples on what you will be seeing and what you will need to do to ensure that you are trading the correct pairs and symbols:

On the MT4 Platform for PC and MAC:
If you still have open positions, you will have noticed that they all appear with a –(dash) next to them:

These positions are not affected by the new leverage and this is the reason why they are only available for CLOSING.

To be able to open new positions (deals) you must trade the symbols with a .(dot) next to them:

If you are unable to trade symbols because they are grayed out:

You simply need to follow the below steps to get the right symbols in order:

*Risk Warning: Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Domain usage rights belong to BDS Ltd (Registration No: 202039). Address: Tenancy 10, Marina House, Eden Island, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350). BDS Markets is authorized and regulated by the Mauritius Financial Services Commission (the FSC, license no. C116016172). Address: 06th Floor, Nexteracom Building, Ebene, Mauritius.

Risk Warning: Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk.

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